Tiêu đề Probus - BPG Update Report - 2024JULY07 - v1.pdf ✅

BINH THUAN PLASTIC GROUP JOINT STOCK COMPANY (BPG) COMPANY UPDATE REPORT JULY 2024 Documents and information used in this report are based on legally obtained and reliable sources from BPG and public media at the time of report preparation. We do not bear responsibility for independently investigating or verifying this information and have trusted the collected information to be complete and accurate. No representation or warranty, explicit or implied, is made regarding the accuracy or completeness of this information, and nothing in this document is, or shall be relied upon as a statement, whether of past, present, or future. This document is not intended to provide a sole basis for evaluation and should not be considered a recommendation for any transaction or other matters, does not constitute an offer or solicitation to buy or sell any securities, and is not a commitment by CTS or any of its affiliates to provide or arrange any financing for any transaction or to purchase any securities involved. We have no obligation to update or amend these documents. These documents are not prepared for public disclosure under securities laws or otherwise intended for the benefit and use of the recipients, and may not be copied, disseminated, quoted, or referred to, in whole or in part, without our prior written consent. These documents may not reflect information that other professionals in other business areas of CTS and its affiliates are aware of. This document is for reference purposes only and should not be considered as legal advice, issuance advice, or any other form of advice between CTS and the reader. We assume no responsibility for disputes, claims, or lawsuits arising, whether directly or indirectly, from the contents of these documents.


4 I. Company overview 1. About company Binh Thuan Plastic, established in 2008, has become a leading player in the plastic industry with a robust focus on two core businesses: plastic granule trading and pallet production made from both primary and recycled plastic. The company's commitment to sustainability and innovation has driven its steady expansion, catering to the needs of the Industry, Agriculture, and Fisheries sectors. With over 15 years of experience, the company boasts two fundamental advantages: • Raw materials made from recycled plastic: This commitment to sustainability resonates with environmentally conscious consumers and businesses. • Independent research, design, and mold production: This allows BPG to quickly adapt to evolving market needs and create innovative solutions. Since 2020, Binh Thuan Plastic has achieved continuous growth by focusing on industrial plastic products and seizing opportunities in the plastic resin trade. Expanding beyond production, the company has developed a robust logistics service offering with a nationwide network of transportation and pallet rental centers. In 2023, Binh Thuan Plastic underwent transformative changes, including a substantial increase in charter capital from VND 550 billion to VND 800 billion. Leadership transitioned to Mr. Le Van Quang, who now serves as General Director cum Chairman of the Board. This period also saw the emergence of new shareholders and the strengthening of its corporate governance. Binh Thuan Plastic's subsidiary network has expanded from 5 to 7 companies, reflecting its strategic diversification and market penetration. Notable subsidiaries include: • BPG Shinnihon Joint Stock Company: Formed through a partnership with Shinnihon JSC, enhancing its capabilities in plastic solutions. • Binh Thuan High Quality Plastic Joint Stock Company: On track to becoming a public company with a listing expected on the Vietnam Stock Exchange by September 2024. • Vietnam Plastic Mold Joint Stock Company: Now a direct subsidiary of BPG, with an expanded shareholder base and a new head office in Hanoi. • BPG Logisall Joint Stock Company: Established to provide comprehensive pallet rental services and logistics solutions, backed by strategic investments and partnerships. Binh Thuan Plastic is also actively pursuing international collaborations to enhance its capabilities. Recent agreements with Shinnihon JSC (Japan) and Logisall Co., Ltd. (Korea) are set to enhance its operational capabilities and market reach, reinforcing its position as a global player in the plastic industry. With a dynamic leadership team and a clear vision for growth, Binh Thuan Plastic continues to drive innovation and sustainability, positioning itself as a leader in the plastic and logistics sectors.